UAE-India business travel set to change under liberal visa regime
For Indian readymade clothing, the trade agreement would result in a 5% reduction in import tariff. According to Goenka, this will further reinforce India's dominance in the UAE's garment export market.
The liberalized visa regime established as part of the Comprehensive Economic Partnership Agreement (CEPA) signed last week will affect business travel between the UAE and India.
The new visa regime comprises a three-year visa provision for intra-corporate transfers, a 90-day visa for business travelers, and a 90-day plus extendable visa contractual service suppliers, according to India's Commerce Secretary BVR Subrahmanyam.